I’ve been really thinking about how the computer models look at Palos Verdes home values, whether it be Zillow or Core Logic or Smart Home Price or any of the other many different models that are out there.
Intuitively we know that a simple computer, as wonderful as technology is, can’t nuance the value as perceived by a human being in these categories:
- View (Palos Verdes homes have some view, no view, ocean view, coastline views, city views and by the way here’s a study I did on Palos Verdes home values as it pertains to views)
- Condition of Home as some homes are original and others massively remodeled and what does that do to Palos Verdes home values
- Lot Utility and how the degree of slope effects Palos Verdes home values
- Micro Location differences such as a home on Via La Selva and an “exact” property on PVDN, albeit both in Valmonte, will have different values
Palos Verdes Home Values
The chart above gets right to the matter. You can see how the reality for Palos Verdes home values is far different than that of what a computer says. Here’s the table from which I obtained the data for this analysis.
| Address | Algorithm Price | Actual Sale Price | Difference |
| 508 Via Pena | $1,102,678 | $1,100,000 | 0.24% |
| 2904 Via Pacheco | $1,689,116 | $1,802,085 | -6.69% |
| 3604 Via La Selva | $999,431 | $842,597 | 15.69% |
| 1617 Via Garfias | $1,001,579 | $1,100,775 | -9.90% |
| 3028 PVDW | $1,166,507 | $1,301,625 | -11.58% |
| 1728 Via Boronada | $1,493,970 | $1,753,380 | -17.36% |
| 253 Rocky Point | $2,573,982 | $4,164,278 | -61.78% |
| 2209 Via Fernandez | $1,042,215 | $1,120,275 | -7.49% |
| 6039 Sandbrook | $1,383,249 | $1,504,985 | -8.80% |
| 1528 Via Martinez | $2,664,501 | $2,815,149 | -5.65% |
| 6039 Via Sonoma | $1,799,267 | $3,250,000 | -80.63% |
| 2777 Via Campesina | $2,452,811 | $3,092,768 | -26.09% |
| AVERAGE: | $1,614,109 | $1,987,326 | -18.34% |
| MEDIAN: | $1,438,610 | $1,629,182 | -9.35% |
Now, all that being said, the computer models can be a useful tool to use and I have three different models that you can use all of which can be used as checks and balances against one another. You can start by going to my 4 Power Tools page
Original Content for Palos Verdes Foreclosures Report
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